ms. passman, from your experience, the scope of the problem? >> well, with companies having almost 75% of their value in intangible property including trade secrets, the problem is quite significant. and in the create pwc report we attempted to put a figure to the magnitude of the problem. looking at the different threat actors involved, looking at the fact that other advanced economies rely on supply chains, and we looked at other check activity as a proxy for this, since it's a figure that is very difficult to get someone's arms around because companies themselves don't know the magnitude of the strtrade secre they have. we looked at other examples of elicit activity and came to a figure of 1% to 3% of gdp. quite significant. >> thank you. mr. greenblatt, in your experience? >> this problem is out of control. we need your help. we're being attacked daily. if we can get this legislation enacted, this will save jobs. in baltimore city, unemployed steelworkers will be employed. we are getting things stolen left and right. we need your help. >> a

ms. passman, from your experience, the scope of the problem? >> well, with companies having almost 75% of their value in intangible property including trade secrets, the problem is quite significant. and in the create pwc report we attempted to put a figure to the magnitude of the problem. looking at the different threat actors involved, looking at the fact that other advanced economies rely on supply chains, and we looked at other check activity as a proxy for this, since it's a figure that is very difficult to get someone's arms around because companies themselves don't know the magnitude of the strtrade secre they have. we looked at other examples of elicit activity and came to a figure of 1% to 3% of gdp. quite significant. >> thank you. mr. greenblatt, in your experience? >> this problem is out of control. we need your help. we're being attacked daily. if we can get this legislation enacted, this will save jobs. in baltimore city, unemployed steelworkers will be employed. we are getting things stolen left and right. we need your help. >> a

ms. passman. our next witness is drew greenblatt. he's owned this company since 1998. the company exports baskets and sheet metal fabrications to 36 countries and has been recognized as one of the 5,000 fastest growing companies in the united states for each of the last two years. he serves as a board member of the national association of manufacturers. and on the regional manufacturing institute of maryland. he's also a member of the maryland commission of manufacturing competitiveness as well as an advisory counsel. -- council. >> thank you. thank you for the focus on this critical challenge of trade secret theft and the opportunity to testify today. as you mentioned, my name is drew greenblatt. we're based in baltimore city and are the leading manufacturer for custom wire baskets and sheet metal fabrications. we make everything in the usa. i'm very proud to report that we export to 36 countries, and my favorite country that we export to is china. we cater to the automotive, pharmaceutical industries. i'm here for three reasons. number one, trade secrets aren't just